This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique structure, featuring both bromo and chloro substituents, makes it a versatile building block in the synthesis of pharmaceuticals, particularly in the creation of biologically active molecules. It is often employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, to introduce the indenone core into target compounds. Additionally, it serves as a precursor in the preparation of materials with potential applications in optoelectronics and organic semiconductors, due to its conjugated system. Researchers also explore its use in the development of agrochemicals, leveraging its reactivity to design novel pesticides or herbicides.